FKLI
FKLI Spot Month Futures (PM) - 1 Oct 2024
Tue, 01-Oct-2024 01:56 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1652
Resistance
1655 / 1658 / 1663
Support
1649 / 1644 / 1640
Possible Range
1640 to 1660
Strategy
Long positions may be opened above 1652 with targets at 1655/1658 and stop-loss at 1647
Short positions may be opened below 1652 with targets at 1649/1644 and stop-loss at 1657

FKLI Sep month dropped 3.5 points or 0.21% to closed lower at 1650 on midday session. The FBM KLCI posted a modest gain by midday, amid light holiday trading throughout the region. 

The FKLI remain supported in daily time frame, however we might see further correction and potentially remain trading below 1660 for short term period of time, breaking below 1650 to 1649 could see further lower.  The immediate support and resistance levels are identified at 1649 and 1655 respectively.

(News Source: The Star)

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